1. Only For A Privileged Group
A hybrid between public and private housing, ECs can only be purchased by those who meet HDB’s stringent eligibility criteria. They are not open game to the likes of property flippers and foreigners. Applicants must form a family nucleus, or co-apply with other singles, have monthly income not exceeding $14,000 and only for Singaporean or mix S’porean / PR couples.
2. Lower Entry Price
ECs are typically sold 20% cheaper than comparable leasehold private condominiums. As developers can only sell to a limited pool of buyers, ECs are launched at very attractive prices. However, they are essentially the same housing product offering the same quality of living – at a better price.
3. CPF Grant Up to $30,000
More goodies! First timers may be eligible for a family grant of up to $30,000.
4. Huge Savings on Resale Levy
Are you a HDB 2nd timer and want to save up to $50,000 in resale levy? The much earlier launched projects are not subjected to resale levy. But hurry, the units are running out!
5. Is There A Difference?
ECs and private condos are physically indistinguishable as both come with similar designs and condo facilities. ECs are also coming up with inventive ways to stand out from one another. For example, The Visionaire at Canberra is the first EC to incorporate smart home technology.
6. Almost Fully Renovated
A typical purchase of an EC apartment usually includes flooring for all rooms and areas, air-con system, built-in wardrobe in the bedrooms, kitchen cabinets and bathrooms fully done up and fitted with accessories. You save a bulk on your renovation expenses!
7. Fully Privatized at the 10th Year
At this point, the EC has private status and you can sell it to anyone in the open market. Remember, at launch the developers could only sell it to a limited group of buyers, you had to meet the special criteria, but hey, now you can sell it to anyone. No difference then the private property owner.
8. Reduced EC Supply
Several ECs have been launched in the past few years. However, the government has tapered down the EC land supply. Will you have the same chance again?
9. A Luxurious Lifestyle Awaits
If you have dreams of a resort lifestyle and look forward to living in a gated community with condo facilities like swimming pools, Jacuzzis, BBQs and gymnasiums - then you will find home in an executive condominium. Go for your dream.
Why should you buy Bellewoods EC?
✔️ EC are priced 25-30% lower than private condo
✔️ No resale levy for 2nd timer (save upto 55k) - last few EC without resale levy
✔️ 30k Cpf grant for 1st timer
✔️ Walking distance to future Woodlands South Mrt Station (700m) due in 2019
- potential CAPITAL ACCELERATION
✔️ Located within Woodlands Regional Centre - future metropolis of the North
✔️ Six zones of indulgence - Aquatic Forest, Urban Forest, Bamboo Forest, Evergreen Forest, Wellness Forest, Mangrove Forest
Only EC in Singapore with such facility
✔️ Basement Carpark for all (take lift from basement straight to your unit, very convenient especially after your marketing)
✔️ 2 years free shuttle service to Woodlands Mrt after TOP (cool!)
✔️ Upcoming North South Expressway due in 2020 (makes travelling to town easier)
✔️ Easy access to Woodlands Ave 12 (SLE/ TPE/ BKE)
✔️ Full condo facilities - swimming pool, bbq terrace, jacuzzi, club house, gym, fitness corner, kids playground, jogging trail, security guard, function room, tennis court & many more!
✔️ Expected TOP early 2017
Do you know?
✔️ That EC is fully renovated (SAVE UP TO 60k on your renovation)
whole unit flooring is done
Kitchen has cabinet, hood, hob, sink & tap
2 aircon in living & dining
all bedrooms come with built in wardrobe & aircon
all toilets are renovated & fitted with all the accessories
✔️ No RESALE LEVY for 2nd timer (save up to 50k)
✔️ Maintenance/ sinking fund fee is about $200-$300 monthly that includes your covered carpark, gym, swimming pool, conservancy, BBQ facilty, tennis court, security etc (in hdb, covered carpark abt $90, conservancy range from $50-80)
✔️ Up to 30k CPF grant for 1st timer
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